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Microsoft Loses TikTok to Tech Giant Oracle – What This Means for Bitcoin and Blockchain Industry

TikTok, the multibillion-dollar video sharing platform owned by Chinese tech company ByteDance and popularized by millennials and Gen Z, has chosen Oracle Corporation as its tech partner over Microsoft.

Trump: TikTok is a Threat to National Security

The news comes at a crucial time after US President Donald Trump had vehemently decreed that TikTok must sell its operations in the United States by September 15, stipulating that the social media app was a threat to national security due to it sneakily collecting user information, as revealed by an analysis from Wall Street Journal.

President Trump had accused TikTok, which is fully owned by Chinese tech giant ByteDance, of gathering information of millions of US users and of sharing the confidential data with the Chinese government. Parent company ByteDance has denied all claims directed towards it regarding data and security breach.

In order to keep the operations in the US, Microsoft had previously been working in collaboration with Walmart to acquire ownership of TikTok. However, after its offer was released, it was disclosed to Bloomberg that “Oracle Corp. is the winning bidder for a deal with TikTok’s US operations.”

US-China, Caught in a Tech and Blockchain Battle

President Trump’s previous user data breach allegations directed at TikTok come at a critical time, with presidential elections looming and set for the month of November. In addition, the US and China have been caught in a cold technology war, with the rise of blockchain and China gaining tremendous momentum in the race to be the first to release an officially regulated central bank digital currency (CBDC).

Previously, Donald Trump had publicly stated:

“As far as Tiktok is concerned, we’re banning them from the United States.”

Why did TikTok Pick Oracle?

Though Microsoft had jumped at the opportunity of acquiring TikTok’s US assets, which boasts of over 150 million users, the booming video-sharing application has gone another way and chosen Oracle Corp. as its tech partner in the United States. Microsoft announced in an official statement on Sept. 13:

“ByteDance let us know today that they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”

The multinational tech company added, “We would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation.”

Will President Trump be Appeased?

Oracle has not released an official statement or commented on the situation yet. However, it is speculated that in partnering with ByteDance and acquiring TikTok, Oracle will conduct a restructuring of the video application. In any case, if the multibillion-dollar application was to survive in the United States market, it seems as though Oracle would have no choice but to do so, to appease President Trump’s fears of a national security breach and potential espionage from the Chinese government.

Furthermore, with Oracle in the works to buy TikTok US operations, this would enable TikTok’s data to run on Oracle’s cloud servers.

Bitcoin and Crypto Implications

At the time of writing, there is still speculation on whether Trump will be appeased with the partnership between Oracle and TikTok. If the US President decides to go forward with a ban of TikTok, this may result in other decentralized social media platforms picking up the American GenZ subscribers that were formerly subscribed to the video-sharing application. Downloaded around 2 billion times globally, TikTok boasts of approximately 100 million monthly active users in the United States.

Block.one, a high-performance blockchain platform that hosts its social media platform Voice, would be among those benefitting from a TikTok ban. If the partnership between TikTok and Oracle proves to be unsatisfactory for the White House and the Trump administration, other blockchain-based social media giants would greatly benefit. Subsequently, this may result in a cryptocurrency and Bitcoin (BTC) market boom as well.

At the time of writing, Bitcoin is trading at $10,357.18, dipping by 1% since yesterday. The dip is speculated to be a result of crypto miner sell-offs, and investors are actively anticipating the digital asset’s next bull run, with Bitcoin bulls like the Winklevoss twins pumping up the price.

How Blockchain Can Benefit TikTok

There seems to be much work to be done for TikTok. According to a report released by CheckPoint Research on January 8, the dilemmas that the application encountered were – hacking of TikTok user accounts and manipulating content; deleting videos; uploading unauthorized videos; making private “hidden” videos public, and revealing personal information saved on the account, such as private email addresses.

More research seems to indicate that ByteDance could greatly benefit from leveraging blockchain as a solution to fight security problems encountered by TikTok. Employing blockchain to run its application would enable the personal data of millions of influencers and content creators worldwide to be better protected and secured through a distributed decentralized ledger. Blockchain has been increasingly adopted throughout Asia and Europe for its robustness, scalability, and overall stable architecture.

DeFi Booms – Aave Dominates

Currently, Ethereum is the most leveraged blockchain ecosystem for decentralized finance (DeFi) protocols and projects. The decentralized finance sector is estimated to have a total value locked (TVL) of around $8 billion, according to data from DeFi Pulse. Currently, DeFi protocol Aave is leading the pack, with a TVL of $1.50 billion at the time of writing.

What is HyperWrite AI?

Introduction

HyperWrite AI is a cutting-edge AI-powered writing assistant that has emerged as a significant player in the realm of digital writing tools. It leverages advanced artificial intelligence to enhance writing efficiency and creativity, catering to a wide range of writing needs, from professional content creation to casual email composition.

HyperWrite AI was developed to address common challenges faced by writers, such as writer’s block, time constraints, and the need for high-quality, error-free content. Utilizing the latest advancements in natural language processing and machine learning, HyperWrite AI aims to streamline the writing process, making it more efficient and less daunting for users across various domains.

Key Features

Autocomplete and Writing Suggestions: HyperWrite AI offers sophisticated autocomplete capabilities, providing contextually relevant suggestions to expedite the writing process.

Sentence Rewriting and Editing: The tool includes features for rewriting and rephrasing sentences, enhancing clarity, and improving the overall flow of the text.

Grammar and Style Enhancement: It incorporates advanced grammar checking and style improvement suggestions, ensuring high-quality, polished content.

Customization and Personalization: HyperWrite AI adapts to individual writing styles and preferences, offering personalized assistance to each user.

Integration with Various Platforms: Designed to be versatile, it integrates seamlessly with numerous writing platforms and tools, enhancing its utility across different writing environments.

Applications

HyperWrite AI finds its applications in diverse fields, including:

Content Creation: Assists bloggers, journalists, and content marketers in generating ideas and drafting articles.

Academic Writing: Helps students and researchers in composing essays, reports, and research papers.

Business Communication: Streamlines email writing and business report creation for professionals.

Creative Writing: Aids authors and scriptwriters in developing narratives and dialogues.

User Interface and Experience

The user interface of HyperWrite AI is designed to be intuitive and user-friendly, catering to both seasoned writers and novices. Users have praised its ease of use and the significant time savings it offers. The tool’s ability to blend seamlessly into the user’s writing process without being intrusive is a notable aspect of its design.

Pricing and Accessibility

HyperWrite AI offers a range of pricing plans to suit different user needs and budgets. These include:

Free Plan: A basic plan with limited features, suitable for occasional users.

Premium Plans: Advanced plans with additional features like unlimited writing suggestions and enhanced editing tools, targeted at professional writers and businesses.

Alternatives to HyperWrite AI

Grammarly: Known primarily for its grammar checking capabilities, Grammarly also offers sentence rephrasing, tone detection, and plagiarism checking, making it a comprehensive writing assistant.

ProWritingAid: This tool is particularly useful for writers seeking in-depth feedback on their writing. It provides detailed reports on style, readability, and grammar, making it ideal for long-form content creators.

Jasper AI (formerly Jarvis): Jasper AI is a versatile AI writing tool that excels in creating marketing content, blog posts, and even books. It’s known for its ability to generate creative and engaging copy.

Copy.ai: This tool uses AI to help generate marketing copy, social media posts, and various types of content quickly and efficiently.

Writesonic: Writesonic is designed to cater to marketing needs, offering features for creating ads, product descriptions, and more, with a focus on generating high-converting content.

AI Writer: AI Writer is known for its strong research capabilities and ability to generate SEO-optimized content. It’s particularly useful for creating informative articles and blog posts.

CopySmith: Aimed at marketing professionals and teams, CopySmith offers tools for creating high-quality marketing content, including email templates, product descriptions, and ad copy.

INK Editor: INK Editor is an AI-powered writing tool that combines content creation with SEO optimization, helping writers create content that ranks well on search engines.

Wordtune: This tool focuses on rephrasing and refining sentences, making your writing more clear and compelling. It’s useful for both non-native speakers and professional writers.

Simplified: Simplified offers AI-driven content creation for a variety of formats, including social media posts, blog articles, and marketing copy.

Future Developments and Trends

The field of AI-assisted writing is rapidly evolving, with tools like HyperWrite AI at the forefront. Future developments may include more advanced personalization, integration with a wider range of platforms, and enhanced understanding of complex writing tasks. The trend indicates a growing reliance on AI tools for various aspects of writing and content creation, signaling a significant shift in how writing is approached in the digital age.

Conclusion

HyperWrite AI represents a significant advancement in AI-assisted writing technology. Its comprehensive features, user-friendly interface, and adaptability make it a valuable tool for a wide range of writing tasks. Alongside other AI writing tools, HyperWrite AI is shaping the future of writing, making it more accessible, efficient, and creative. As technology continues to evolve, the role of AI in writing and content creation is expected to become increasingly integral and transformative.

Google's Lumiere AI: Ideal for Realistic Video Generation

Google has recently unveiled Lumiere, an AI model that is set to redefine the landscape of video generation. Developed by researchers at Google, in collaboration with the Weizmann Institute of Science and Tel Aviv University, Lumiere stands out with its unique Space-Time Diffusion Model. This technology promises to produce realistic, diverse, and high-quality videos from text and image inputs.

Lumiere is not the first model to attempt realistic video generation, but it has been shown to outperform its contemporaries in significant ways. According to studies, it surpasses models like Pika, Runway, Stability AI, ImagenVideo, and others in motion magnitude, temporal consistency, and overall quality. A user study also indicated that Lumiere was preferred over these models for text and image-to-video generation.

This AI model leverages a Space-Time U-Net (STUNet) architecture, a novel approach in the AI video generation field. Unlike previous text-to-video (T2V) models that rely on cascading models, Lumiere uses STUNet to enable coherent motion and high video quality. The model has been trained on a vast dataset of 30 million videos and demonstrates competitive results in video quality and text matching.

However, Lumiere is not without its limitations and challenges. Currently, the model struggles with generating videos consisting of multiple shots or transitions between scenes, a common feature in natural videos. Moreover, ethical and social concerns arise regarding the potential misuse of the technology for creating fake or harmful videos. The researchers acknowledge these limitations and are exploring future directions for improvement and expansion of Lumiere AI.

Google’s introduction of Lumiere is a testament to the rapid advancement in AI-generated video technology. As this field continues to grow, it holds immense potential for various content creation and video editing applications, offering a glimpse into a future where AI plays a pivotal role in video production.